Matthew Ohayer Sells 24,000 Shares of Vital Farms, Inc. (NASDAQ:VITL) Stock

Vital Farms, Inc. (NASDAQ:VITL) insider Matthew Ohayer sold 24,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $38.19, for a total value of $916,560.00. Following the transaction, the insider now owns 7,038,890 shares in the company, valued at $268,815,209.10. This trade represents a 0.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Matthew Ohayer also recently made the following trade(s):

• On Monday, October 21st, Matthew Ohayer sold 24,000 shares of Vital Farms stock. The shares were sold at an average price of $39.09, for a total value of $938,160.00.

Vital Farms Stock Down 2.2 %

Shares of NASDAQ:VITL traded down $0.88 during trading on Monday, reaching $38.81. 670,315 shares of the stock traded hands, compared to its average volume of 819,604. Vital Farms, Inc. has a 52-week low of $14.16 and a 52-week high of $48.41. The stock has a market cap of $1.70 billion, a P/E ratio of 34.65 and a beta of 0.93. The stock has a 50-day moving average of $34.83 and a two-hundred day moving average of $36.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.81 and a current ratio of 3.24.

Vital Farms (NASDAQ:VITL) last posted its earnings results on Thursday, November 7th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $145.00 million during the quarter, compared to analyst estimates of $145.27 million. Vital Farms had a return on equity of 22.29% and a net margin of 8.68%. The company’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 EPS. As a group, sell-side analysts expect that Vital Farms, Inc. will post 1.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vital Farms

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Vital Farms by 13.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,327 shares of the company’s stock valued at $436,000 after buying an additional 1,131 shares during the period. Principal Financial Group Inc. lifted its holdings in Vital Farms by 1.2% in the second quarter. Principal Financial Group Inc. now owns 483,562 shares of the company’s stock valued at $22,616,000 after acquiring an additional 5,736 shares during the period. Crossmark Global Holdings Inc. purchased a new position in Vital Farms in the second quarter worth about $487,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Vital Farms during the 2nd quarter valued at about $725,000. Finally, Kings Path Partners LLC purchased a new stake in shares of Vital Farms during the 2nd quarter valued at about $753,000. Institutional investors own 98.59% of the company’s stock.

Analyst Upgrades and Downgrades

VITL has been the subject of a number of research reports. TD Cowen decreased their price objective on Vital Farms from $46.00 to $41.00 and set a “buy” rating for the company in a report on Friday, November 8th. DA Davidson lifted their price target on shares of Vital Farms from $44.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Craig Hallum began coverage on shares of Vital Farms in a report on Friday. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, Jefferies Financial Group cut their price target on Vital Farms from $45.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

About Vital Farms

Vital Farms, Inc, a food company, provides pasture-raised products in the United States. It offers shell eggs, butter, hard-boiled eggs, and liquid whole eggs. The company was founded in 2007 and is headquartered in Austin, Texas.